re: Amount repaid by TARP recipients surpasses outstanding balance

In December the taxpayers were going to earn a profit.

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Plans from Wells Fargo & Co and Citigroup to repay taxpayer funds will put the U.S. government on track to reduce its bailout investments in banks by more than 75 percent, while earning a healthy profit for the U.S., Treasury Secretary Timothy Geithner said on Monday.

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And now we are going to lose $105 billion.

quote:

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The controversial bailout fund is scheduled to expire at the end of this fiscal year, after which the government will only seek to exit from remaining investments, notably in AIG and General Motors. Geithner estimated that TARP would end up costing taxpayers $105 billion.

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These guys really are clueless.